The plaintiff RM’s son died by swallowing a toy block with nomade by the defendant company P on which no warning was issued. The plaintiff filed a suit of negligence against the defendant. The defendant applied for summary judgment contending that the hazard was foreseeable. To Explain : The meaning of the term on contingency fee-basis.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 3, Problem 1RE

Summary Introduction

Case summary: The plaintiff RM’s son died by swallowing a toy block with nomade by the defendant company P on which no warning was issued. The plaintiff filed a suit of negligence against the defendant. The defendant applied for summary judgment contending that the hazard was foreseeable.

To Explain: The meaning of the term on contingency fee-basis.

Expert Solution & Answer

Explanation of Solution

The term contingency fee basis means that if the lawsuit succeeds, the attorney will get a fixed percentage of share, which is usually 33%, from the clients' recovery amount. In case, the lawsuit fails the attorney receives no fee, but it will be reimbursed by the client for all out-of-pocket expenses incurred by him.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

None

What is the internal rate of return (IRR) for an investment with initial outlay $100,000 and annual cash flows $20,000 for 5 years?

Problem related to Accounting

Answer 2

Question

Chapter 3, Problem 1RE

Summary Introduction

Case summary: The plaintiff RM’s son died by swallowing a toy block with nomade by the defendant company P on which no warning was issued. The plaintiff filed a suit of negligence against the defendant. The defendant applied for summary judgment contending that the hazard was foreseeable.

To Explain: The meaning of the term on contingency fee-basis.

Expert Solution & Answer

Explanation of Solution

The term contingency fee basis means that if the lawsuit succeeds, the attorney will get a fixed percentage of share, which is usually 33%, from the clients' recovery amount. In case, the lawsuit fails the attorney receives no fee, but it will be reimbursed by the client for all out-of-pocket expenses incurred by him.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 3, Problem 1RE

Summary Introduction

Case summary: The plaintiff RM’s son died by swallowing a toy block with nomade by the defendant company P on which no warning was issued. The plaintiff filed a suit of negligence against the defendant. The defendant applied for summary judgment contending that the hazard was foreseeable.

To Explain: The meaning of the term on contingency fee-basis.

Expert Solution & Answer

Explanation of Solution

The term contingency fee basis means that if the lawsuit succeeds, the attorney will get a fixed percentage of share, which is usually 33%, from the clients' recovery amount. In case, the lawsuit fails the attorney receives no fee, but it will be reimbursed by the client for all out-of-pocket expenses incurred by him.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 3, Problem 1RE

Summary Introduction

Case summary: The plaintiff RM’s son died by swallowing a toy block with nomade by the defendant company P on which no warning was issued. The plaintiff filed a suit of negligence against the defendant. The defendant applied for summary judgment contending that the hazard was foreseeable.

To Explain: The meaning of the term on contingency fee-basis.

Expert Solution & Answer

Explanation of Solution

The term contingency fee basis means that if the lawsuit succeeds, the attorney will get a fixed percentage of share, which is usually 33%, from the clients' recovery amount. In case, the lawsuit fails the attorney receives no fee, but it will be reimbursed by the client for all out-of-pocket expenses incurred by him.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 3, Problem 1RE

Summary Introduction

Case summary: The plaintiff RM’s son died by swallowing a toy block with nomade by the defendant company P on which no warning was issued. The plaintiff filed a suit of negligence against the defendant. The defendant applied for summary judgment contending that the hazard was foreseeable.

To Explain: The meaning of the term on contingency fee-basis.

Expert Solution & Answer

Explanation of Solution

The term contingency fee basis means that if the lawsuit succeeds, the attorney will get a fixed percentage of share, which is usually 33%, from the clients' recovery amount. In case, the lawsuit fails the attorney receives no fee, but it will be reimbursed by the client for all out-of-pocket expenses incurred by him.

Answer 6

Chapter 3, Problem 1RE

Summary Introduction

Case summary: The plaintiff RM’s son died by swallowing a toy block with nomade by the defendant company P on which no warning was issued. The plaintiff filed a suit of negligence against the defendant. The defendant applied for summary judgment contending that the hazard was foreseeable.

To Explain: The meaning of the term on contingency fee-basis.

Expert Solution & Answer

Explanation of Solution

The term contingency fee basis means that if the lawsuit succeeds, the attorney will get a fixed percentage of share, which is usually 33%, from the clients' recovery amount. In case, the lawsuit fails the attorney receives no fee, but it will be reimbursed by the client for all out-of-pocket expenses incurred by him.

Answer 7

Chapter 3, Problem 1RE

Summary Introduction

Case summary: The plaintiff RM’s son died by swallowing a toy block with nomade by the defendant company P on which no warning was issued. The plaintiff filed a suit of negligence against the defendant. The defendant applied for summary judgment contending that the hazard was foreseeable.

To Explain: The meaning of the term on contingency fee-basis.

Answer 8

Expert Solution & Answer

Explanation of Solution

The term contingency fee basis means that if the lawsuit succeeds, the attorney will get a fixed percentage of share, which is usually 33%, from the clients' recovery amount. In case, the lawsuit fails the attorney receives no fee, but it will be reimbursed by the client for all out-of-pocket expenses incurred by him.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 3 - Prob. 1RE Ch. 3 - Prob. 2RE Ch. 3 - Prob. 3RE Ch. 3 - Prob. 4RE Ch. 3 - Prob. 1IS Ch. 3 - Prob. 2IS Ch. 3 - Prob. 1BS Ch. 3 - Prob. 2BS Ch. 3 - Prob. 3BS Ch. 3 - Prob. 4BS

Explanation of Solution

Want to see more full solutions like this?

Chapter 3 Solutions